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Global Automotive Filters Market Research Report – Segmented By Filter Type (Fuel Filter, Engine Oil Filter, Engine Air Filter and Cabin Air Filter, Steering Filter, Coolant Filter), Application (Passenger Cars and Commercial Vehicles), Distribution Channel (OEM and Aftermarket), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa) – Industry Analysis on Size, Share, Trends COVID-19 Impact and Growth Forecast (2023 to 2028)

Published: March, 2023
ID: 8670
Pages: 175
Formats: report pdf report excel report power bi report ppt

Global Automotive Filters Market (2023 to 2028)

The global automotive filters market is predicted to grow to USD 20.6 billion in 2023 and is anticipated to reach a valuation of USD 62.86 billion by 2028, growing at a CAGR of 25.00% during the forecast period from 2023 to 2028. 

It is forecasted that due to factors such as the increase in vehicle production and the increase in the vehicle fleet, as well as the average number of kilometers traveled in all regions, the demand for automobile filters is increasing every year.

The booming automotive industry was the reason for the growth of the global market for vehicle filters. It is expected that a significant investment in the automotive sector in emerging economies will also bring a contraction to adjacent industries. In addition, it is expected that the government's growing interest in boosting economies through foreign investment will boost the growth of the automotive sector, which will have a positive impact on the global market for automotive filters in the coming years.

The filters of the cars prevent the entry of dirt particles, such as pollen, exhaust gases, bacteria, etc., into the carburetor and the engine. This minimizes air pollutants emitted by vehicles, reduces maintenance costs, and prolongs the life of the vehicle. The government and the emission agencies have issued strict emission laws for vehicles that emit dangerous gases, such as hydrocarbons (HC), nitrogen oxides (NOx), carbon monoxide (CO), and others. For example, the United States Environmental Protection Agency (EPA) has modified standards, such as the Greenhouse Gas Emissions (GHG) fuel consumption standards and light commercial vehicles (automobiles and trucks)). Similarly, German cities may prohibit old diesel vehicles in accordance with EU legislation to reduce air pollution. These factors are expected to drive global growth in the global automotive filter market.

In recent years, consumers have changed their preference for electric/plug-in vehicles because these vehicles do not consume fuels such as gasoline, diesel, and gasoline. In addition, low maintenance costs reduce overall spending, which increases the demand for battery-powered electric vehicles, which in turn drives the growth of the vehicle filter market. According to statistics from the Federal Office for Motor Transport, sales of plug-in electric vehicles in 2018 increased by 61% over the previous year. Likewise, sales of battery-powered electric vehicles increased by 124%, while sales of traditional plugless hybrids increased by up to 70%. Since no fuel or oil is used in these electric vehicles, there is no need for oil and fuel filters, which should hamper the growth of the oil and fuel filter market.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2022 to 2028

Base Year

2022

Forecast Period

2023 to 2028

CAGR

25.00%

Segments Covered

By Filter Type, Application, Distribution Channel, and Region.

 

Various Analyses Covered

Global, Regional, and Country Level Analysis, Segment-Level Analysis, DROC; PESTLE Analysis; Porter’s Five Forces Analysis, Competitive Landscape; Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

This research report on the global automotive filters market has been segmented & sub-segmented based on the product type, type, and region.  

Global Automotive Filters Market - By Filter Type:

  • Fuel Filter
    • Diesel Filter
    • Gasoline Filter
  • Engine Oil Filter
  • Engine Air Filter
  • Cabin Air Filter
  • Steering Filter
  • Coolant Filter

Global Automotive Filters Market - By Application:

  • Passenger Cars
  • Commercial Vehicles
    • Light Commercial Vehicle
    • Heavy Commercial Vehicle

Global Automotive Filters Market - By Distribution Channel:

  • OEM
  • Aftermarket

Global Automotive Filters Market - By Region:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

In 2022, the largest share of the global automotive filter market was acquired by the Asia Pacific on account of burgeoning production in Asian countries. Europe, followed by the Asia Pacific, jointly held about 74% of the market in terms of revenue in 2016. The key factors that are driving the growth of the market in these regions are an increasing need for efficiency and productivity, coupled with the impetus to increase manufacturing activities. The emerging countries of Asia Pacific are expected to record the highest growth rate during the forecast period. Increasing production of passenger vehicles, owing to several factors such as lower cost of production, increase in productivity, and safety in the operation of vehicles, are set to drive the automotive filters market in this region during the forecast period.       

KEY MARKET PLAYERS:

MANN+HUMMEL (Germany), Donaldson (US), Robert Bosch (Germany), MAHLE (Germany), Sogefi (Italy), Denso (Japan), Ahlstrom-Munksjö (Sweden), ACDelco (US), Hengst (Germany), K&N Engineering (US), Volkswagen (Germany), Daimler AG (Germany), Ford Motor Company (US), Hyundai Motor Company (South Korea), Toyota Motor Corporation (Japan), Tata Motors (India), Mahindra & Mahindra Ltd (India), component manufacturer associations, Automotive Component Manufacturers Association of India (ACMA), Japan Automotive Manufacturers Association (JAMA), European Automobile Manufacturers' Association (ACEA), Canadian Vehicle Manufacturers' Association. Some of the major key players involved in the global automotive filters market.

RECENT HAPPENINGS IN THIS MARKET:

  • In February 2018, Mercedes-Benz USA Offers the First Certified asthma & allergy-friendly automotive cabin air filter.

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FAQ's

what is the projected market size and growth rate of the automotive filters market?

The global automotive filters market is predicted to grow to USD 20.6 billion in 2023 and is anticipated to reach a valuation of USD 62.86 billion by 2028, growing at a CAGR of 25.00% during the forecast period from 2023 to 2028.

what segments are covered in the automotive filters market?

The automotive filters market is segmented By Filter Type, Application, Distribution Channel, and Region.

which type has the largest market share in automotive filters market?

Engine Oil Filter has the largest market share in the automotive filters market.

which is the fastest growing region in the automotive filters market?

Asia Pacific is estimated to grow with the highest CAGR over the forecast period.

who are the key market players in automotive filters market?

MANN+HUMMEL (Germany), Donaldson (US), Robert Bosch (Germany), MAHLE (Germany), Sogefi (Italy), Denso (Japan), Ahlstrom-Munksjö (Sweden), ACDelco (US), Hengst (Germany) etc... These are some major key players in automotive filters market.

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